Politics, Legal & Regulation

June 23, 2022 @ 11:11 am By JD Alois  |  

Congressman Jim Himes, an elected official from Connecticut, has published a “white paper” on the benefits of a central bank digital currency (CBDC). Upon release, Himes issued the following statement: “Over the last few years, we have seen other governments make real progress in establishing… Read More

June 22, 2022 @ 10:52 am By JD Alois  |  

Eurocrowd, the leading association representing the investment crowdfunding industry in Europe, has announced a survey to garner information as to the status of their members in the approval process under pan-European crowdfunding rules. Last November, the European Union revealed crowdfunding regulations to enable raising capital… Read More

June 22, 2022 @ 10:38 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) will review credit card companies and their penalty policies like fees assessed for late payments. The CFPB reports that credit card companies generate $12 billion in revenue each year from these fees. More than 175 million citizens hold credit… Read More

June 22, 2022 @ 2:00 am By JD Alois  |  

The British Business Bank has shared the results of its annual Small Business Equity Tracker and the numbers for 2021 appear pretty strong. The Equity Tracker uses data from Beauhurst on publicly announced equity deals into UK SMEs. According to the Bank, equity investments in… Read More

June 21, 2022 @ 4:59 pm By JD Alois  |  

Republican members on the US Senate Banking Committee have requested more information from the Securities and Exchange Commission (SEC) regarding the Commission’s proposal to require reporting companies to disclose their climate impact. In a letter addressed to SEC Chairman Gary Gensler, signed by the 12… Read More

June 21, 2022 @ 4:01 pm By JD Alois  |  

Senator Cynthia Lummis and Representative Patrick McHenry, along with several other elected representatives, have sent a letter to Michael Regan,  the Administrator ot the Environmental Protection Agency (EPA), telling the official to consider the benefits of crypto mining before considering any regulation that could impact… Read More

June 21, 2022 @ 11:07 am By JD Alois  |  

Securities and Exchange Commission (SEC) “Fintech specialist” Neel Maitra has joined the law firm of Wilson Sonsini Goodrich & Rosati in Washington, DC. According to the law firm, Maitra will be a member of Wilson Sonsini’s securities regulatory and complex transactions group. While at the SEC’s… Read More

June 20, 2022 @ 7:29 pm By JD Alois  |  

In November of 2021, the European Union announced pan-European securities crowdfunding rules. While there are still certain details being worked out, effectively an issuer may now list a security on an online investment platform and raise capital across all EU member states. European Crowdfunding Service… Read More

June 20, 2022 @ 12:51 pm By Omar Faridi  |  

Blockchain Intelligence Group, a global cryptocurrency compliance and intelligence company, owned by BIGG Digital Assets Inc. (CSE: BIGG), is pleased to announce the launch of NFT Explorer, “the first risk and investigation solution for NFTs, built on the QLUE™ data analytics platform.” Development of the… Read More

June 20, 2022 @ 11:30 am By JD Alois  |  

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is now requiring charity platforms to perform AML/KYC processes on transactions. FINTRAC already requires crowdfunding platforms that provide services to raise funds or virtual currency and certain payment service providers to register as money services… Read More

June 19, 2022 @ 5:29 pm By Omar Faridi  |  

Dina Sam’an, the Founder and Managing Director of CoinMENA, notes that she’s very excited to share that CoinMENA has obtained a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA). Sam’an adds that regulatory compliance has been a “top priority” for CoinMENA from day one…. Read More

June 17, 2022 @ 3:23 pm By JD Alois  |  

The Financial Action Task Force (FATF), a global entity that engages financial regulators around the world, met this week to discuss multiple initiatives including the digital asset marketplace and Virtual Asset Service Providers (VASPs) as well as Travel Rule implementation. The Travel Rule is a… Read More

June 17, 2022 @ 2:38 pm By JD Alois  |  

House Republicans have sent a letter to the Chairman of the SEC Gary Gensler telling him to halt his pursuit of proposed climate disclosure rules as over-stepping the statutory responsibilities of the Commission. In the letter, signed by 129 Republicans led by the top Republican… Read More

June 17, 2022 @ 11:26 am By Omar Faridi  |  

Mazepay is pleased to confirm that they’re under the Danish Financial Supervisory Authority (DFSA) supervision. Mazepay is a pan-European payments institute. After a long application and enrollment process, Mazepay have been “granted a pan-European payments institute license by the DFSA, enabling it to handle transactions… Read More

June 17, 2022 @ 10:41 am By JD Alois  |  

The US Senate has confirmed two new SEC Commissioners; Jaime Lizárraga and Mark Uyeda. Lizárraga previously served as Senior Advisor to Speaker of the House Nancy Pelosi where he covered issues relating to financial markets, housing, international financial institutions, immigration, and small business policy. He… Read More

June 16, 2022 @ 10:59 am By JD Alois  |  

Earlier this month, US Senators Kirsten Gillibrand and Cynthia Lummis revealed their long-anticipated legislation aiming to provide a clearcut regulatory regime for the digital asset industry. The language of the bill represents a comprehensive approach for crypto including digital securities, stablecoins, and more while selecting… Read More

June 16, 2022 @ 10:08 am By JD Alois  |  

SEC Commissioner Hester Peirce posted a speech this week that addresses crypto markets and regulation. Commissioner Peirce has long taken a thoughtful approach in regards to digital asset innovation while generally being supportive Fintech. Peirce mentioned the bipartisan legislation published this month that aims to… Read More

June 16, 2022 @ 8:50 am By JD Alois  |  

The cost of living is rising higher and credit is along for the ride. With no end in sight to rising interest rates and inflation, the UK Financial Conduct Authority (FCA) is asking lenders to help consumers during a difficult time. In a release, the… Read More

June 15, 2022 @ 7:55 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued revised Guidelines on Business Continuity Management (BCM) for financial institutions, to help them strengthen their resilience “against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical threats.” The revisions take into account learnings “from the… Read More

June 15, 2022 @ 12:40 am By Omar Faridi  |  

Amber Group, a global digital asset platform, announced its acquisition of Celera Markets Limited, a “fully” licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents “a significant milestone for Amber Group, as it continues to strengthen its product… Read More